You want to determine if the average gas price in your city has exceeded $2 per gallon for regular gas. You conduct a hy

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You want to determine if the average gas price in your city has exceeded $2 per gallon for regular gas. You conduct a hy

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You Want To Determine If The Average Gas Price In Your City Has Exceeded 2 Per Gallon For Regular Gas You Conduct A Hy 1
You Want To Determine If The Average Gas Price In Your City Has Exceeded 2 Per Gallon For Regular Gas You Conduct A Hy 1 (24.21 KiB) Viewed 121 times
You want to determine if the average gas price in your city has exceeded $2 per gallon for regular gas. You conduct a hypothesis test. You take a random sample of prices from 8 gas stations, recording the following prices: $2.13, $2.10, $1.80, $2.09, $2.17. $2.12 $2.10, $2.11. Assume the conditions and assumptions for inference been met. State the hypothesis, calculate the p-value, and draw a conclusion and the 0.05 significance level.
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